Technical analysis

    Wing Finance – Extremely high bullish volume! + 900% PROFIT

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    WING on the daily / 3D chart
    • First of all I want you to take a look at the volume indicator – there is the highest volume spike since the coin was listed on the exchange!
    • This coin is currently #2 on TradingView Binance USDT list.
    • Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline.
    • Also we can spot a local symmetrical triangle on lower timeframes and if you switch to the 4h chart, you will see a strong bullish price action.
    • An Impulse Elliott Wave + ABC correction have been finished successfully!
    • You can take profit at the major resistance – previous swing high (wave B) +900% PROFIT.
    • https://www.tradingview.com/chart/WINGUSDT/LM5WSmXV-Wing-Finance-Extremely-high-bullish-volume-900-PROFIT/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.